Government, taxes and banking crises

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dc.contributor.author Hasman, Augusto
dc.contributor.author López, Ángel, L.
dc.contributor.author Samartín Sáenz, Margarita
dc.date.accessioned 2011-12-16T18:30:20Z
dc.date.available 2011-12-16T18:30:20Z
dc.date.issued 2011
dc.identifier.bibliographicCitation Journal of banking & finance, vol. 35, n. 10, 2011, pp. 2761-2770
dc.identifier.issn 2761–2770
dc.identifier.uri http://hdl.handle.net/10016/12766
dc.description.abstract This paper analyzes the effectiveness of different government policies to prevent the emergence of bank ing crises. In particular, we study the impact on welfare of using taxpayers money to recapitalize banks, government injection of money into the banking system through credit lines, the creation of a buffer and taxes on financial transactions (the Tobin tax). We illustrate the trade off between these policies and derive policy implications.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher Elsevier
dc.rights ©2011Elsevier B.V.
dc.subject.other Banking crises
dc.subject.other Information induced bank runs
dc.subject.other Government policies
dc.subject.other Taxes
dc.title Government, taxes and banking crises
dc.type article
dc.description.status Publicado
dc.relation.publisherversion http://dx.doi.org/10.1016/j.jbankfin.2011.03.002
dc.subject.eciencia Empresa
dc.identifier.doi 10.1016/j.jbankfin.2011.03.002
dc.rights.accessRights openAccess
dc.type.version acceptedVersion
dc.identifier.publicationfirstpage 2761
dc.identifier.publicationissue 10
dc.identifier.publicationlastpage 2770
dc.identifier.publicationtitle Journal of banking & finance
dc.identifier.publicationvolume 35
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